Insolvencies Fall by 5.5% in March, 2008.

2007 Bankruptcy Statistics

NEWS FLASH! May 2, 2008:

Canadian Insolvencies Fell by 5.5 % for the Month of March, 2008 compared with the Same Month in 2007.

Consumer Bankruptcies were down 6.1% compared with the Same Month the Previous Year.

Business Bankruptcies were down by 8.1% compared with the Same Month the Previous Year.

Proposals fell by 2.8% compared with the Same Month the Previous Year.

For the 12 months ending March 31, 2008 Insolvencies are up by 3.0 compared with the previous year; (2008:109,622 – 2007:106,415)

For more information and more detailed analysis please refer to this site.

One Response to “Insolvencies Fall by 5.5% in March, 2008.”

  1. fran svisdahl says:

    if i,m a sole proprietor of a company and go personally bankrupt, can I still be the sole proprietor of the company and take the required wage as set out by the bankruptsy rules.

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